Speedchain Secures $111M to Scale Construction Expense Platform

Atlanta, September 10, 2025

News Summary

Speedchain closed $111 million in combined debt and equity financing to expand its commercial card programs and expense management platform for construction and project-driven businesses. The capital will accelerate go-to-market efforts, product innovation, and a national rollout, while strengthening partnerships that pair software controls with a global card network’s benefits. The platform offers AI-powered receipt management, real-time job costing, corporate expense processing, and integrations with back-office systems to connect field purchasing with accounting. New board additions and a trade association partnership aim to broaden adoption among contractors and streamline job-level financial visibility.

Speedchain closes $111 million in strategic debt and equity to scale construction-focused platform

The company announced on September 9, 2025, that it has completed a $111 million financing round described as a combination of strategic equity and debt. The proclamation, issued from Atlanta, outlines plans to accelerate growth across the construction and other project-driven industries, with a focus on expanding go-to-market efforts, accelerating product development, and broadening national reach. The funding package is structured to support a fast-moving fintech platform designed to modernize financial workflows where frontline spending meets back-office accounting.

Financing details

• Total capital raised: $111 million in strategic equity and debt financing.
• Debt financing provided by Community Investment Management (CIM), described as a private credit impact investment manager.
• Equity investors: GTM Fund; Village Global; TTV Capital; K5 Global; Tandem; Emigrant Bank.
• Use of capital: Accelerate go-to-market strategy, drive product innovation, and enable national expansion.
• Recent leadership update: Dennis Lyandres joined Speedchain’s Board of Directors (former CRO at Cloudera and Procore).
• New partnership: A national partnership with the Associated General Contractors of America (AGC).
• Card program: The Speedchain card program is offered through Mastercard’s World Elite network, leveraging Mastercard’s global reach.

Platform capabilities and market positioning

Speedchain positions its platform as a comprehensive end-to-end solution for managing project-level spending. The system provides visibility, control, and efficiency across spending across sites and teams, with AI-powered receipt management and corporate expense processing. The offering includes robust card programs, AI-driven insights, and seamless integrations that automate time-consuming financial tasks, help maximize rewards, and streamline operations from the field to the finance office. The combination of software and card capabilities is designed to bridge frontline spending with back-office accountability, aiming to improve cost controls and decision-making for project-driven operations.

The company describes itself as a global fintech provider delivering next-generation commercial card programs and advanced expense management solutions, purpose-built for the construction and project-based economy. The platform emphasizes greater transparency, smarter workflows, and access to best-in-class tools intended to help customers scale with confidence. In practical terms, finance teams can expect better tracking of expenditures as work progresses across multiple sites, rather than waiting for end-of-month reconciliations.

Leadership, partnerships, and strategic rationale

The financing package aligns with Speedchain’s plan to scale its financial infrastructure, extend its market reach, and enhance product capabilities. The board addition of Dennis Lyandres brings leadership experience from large-scale enterprise and construction-related software environments. A national collaboration with the AGC signals a commitment to aligning the platform with industry standards and construction management professionals who oversee multi-site spending and cost control. CIM’s involvement underscores a focus on supporting fintech products that deliver measurable impact, driving efficiency and cost effectiveness for project managers and finance teams.

Investor commentary highlights the importance of real-time cost tracking by field personnel and the potential for AI-driven streaming insights to inform timely decisions. The round reinforces a broader push toward modernizing financial workflows in sectors that have historically relied on fragmented tools. Through the Mastercard World Elite card program, Speedchain combines its software with a globally recognized payments network, enabling a cohesive experience from card-based spending to back-office reconciliation.

Publicly released information notes the press materials identify Speedchain as a global fintech firm dedicated to transformation in commercial card programs and expense management, with a distinct focus on the construction and project-based economy. The initiative aims to enhance transparency, optimize workflows, and provide tools that help customers grow operations with greater confidence. The release also mentions that the financing will support national expansion and ongoing product innovation as Speedchain continues to expand its footprint in construction and related industries.

For reference, the release indicates the timing as September 9, 2025, and attributes the information tothe Speedchain announcements. Contacts and source lines are included for inquiries and background, with a focus on providing practical details to readers seeking to understand the financing and its implications for the market.

Why it matters: Construction firms’ finance teams often struggle to track receipts and reconcile costs in real time across multiple job sites. The financing and product enhancements are intended to address that gap, enabling more immediate visibility and smarter, data-driven decisions on project spending.

Source: Speedchain. No endorsements are implied in this report; the information reflects the announced financing package and related corporate developments as described by Speedchain.

Deeper Dive: News & Info About This Topic

Additional Resources

• PR Newswire: Speedchain raises $111M to accelerate expansion and innovation for construction and project spending
• Wikipedia: Speedchain
• Axios Pro: Speedchain $111 million construction-spend platform
• Google Search: Speedchain
• MarketScreener: Speedchain raises $111M to drive growth in construction and project spend tech
• Google Scholar: Speedchain
• PR Newswire: Speedchain Inc. appoints Tooey Courtemanche to Board of Directors
• Encyclopedia Britannica: Speedchain
• Google News: Speedchain
• Google Search: Speedchain construction expense management

Author: RISadlog